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Personal Finance and Investing

MichMan

(14,033 posts)

2. The 2017 tax change to increase the standard deduction was very beneficial to a lot of taxpayers

Reply to question everything (Original post)

Mon Jun 12, 2023, 04:27 PM

Jun 2023

including lots of lower and middle income people like myself that don't itemize. Per the OP that would be 90% of all tax filers.

That does mean that gambling losses aren't deductible then, but people can always forego the standard deduction any given year.

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You Scored With an Online Sports Bet. Do You Owe Taxes? [View all] question everything Jun 2023 OP

This message was self-deleted by its author Tomconroy Jun 2023 #1

The 2017 tax change to increase the standard deduction was very beneficial to a lot of taxpayers MichMan Jun 2023 #2

The standard deduction increase, was, unfortunately accompanied by the personal and progree Jun 2023 #3

Well mine went down significantly MichMan Jun 2023 #4

And mine went up. progree Jun 2023 #5